|[February 17, 2017]
UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders of Universal Health Services, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 21, 2017
The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired
securities of Universal Health Services, Inc. (NYSE:UHS) between
February 26, 2015 and December 7, 2016. You are hereby
notified that a securities class action lawsuit has been commenced
in the USDC for the Central District of California. To get more
information go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972. b>There
is no cost or obligation to you.
The Complaint alleges that defendants made false and/or misleading
statements regarding that: (1) the Company admitted patients based on
its own financial considerations and not upon the medical necessity of
the patient; (2) the Company would keep patients admitted until their
insurance payments ran out in order to ensure the maximum payment for
its services; (3) as a result, Universal Health's revenues from
inpatient care relied on unsustainable practices; (4) in turn, Universal
Health lacked effective internal control concerning its practices and
policies of admitting patients; and (5) as a result, Universal Health's
public statements were materially false and misleading.
On December 7, 2016, Buzzfeed published a piece on Universal Health,
alleging that the company puts profits ahead of its patients. On this
news, shares of Universal Health fell by $15.01 per share, or
approximately 12%, closing at $111.36 per share on December 7, 2016.
If you suffered a loss in Universal Health Services, Inc., you have
until February 21, 2017 to request that
the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, California, Connecticut, and Washington D.C. The firm's
attorneys have extensive expertise and experience representing investors
in securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results
do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170217005452/en/
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